Wednesday, September 24, 2008

Wednesday, September 24, 2008

Where are Your Dollars Now?

We are following developments of the 700 billion dollar bailout bill being proposed to Congress by Treasury Secretary Paulson and Federal Chairman Bernanke. I've been watching live video here.

The kind of fear mongering surrounding this event and the hype in the media is very similar to the shot-gun decision making process that Congress was being forced to make about Iraq.

The German media seems more relaxed about events in the US saying that most banks in Germany have not participated in the shady subprime lending market in the US. Sure, US investment institutions are in a pickle but so were dot coms not too long ago and people and the market have survived that "crisis".

Maybe now is a good time to think about changing dollars into Euros? We'll keep our eyes peeled on the greenback.

2 comments:

Unknown said...

Hi there, We are planning on moving to Oberursel. Any suggestions on apartments or places to look or to avoid.
Thanks.
Connie

American in Oberursel said...

Hi Connie,

I suggest you check the online realty listings of the Frankfurter Allgemeine (faz.de) or go to http://www.immobilienscout24.de to search for rental houses and apartments. These sites are, of course, in German.

It also depends on your situation and what you are looking for, i.e. living closer to schools, living closer to work, do you need to be close to public transportation, how many square meters do you need etc.

Hope this helps initially.